Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.010%
Price spread now: Binance against Injective−0.058%7-day average +0.054% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 3 days (all we have)+0.229%+$23 · spread now −0.058%, 7d avg +0.054%
=Funding pays, the price is against you. Binance is 0.112% cheaper against Injective than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.054%). If the spread goes back, that is −$11 on $10k: about 5.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SKY/USDC PERP | 0.07199 | 0.0033 | pay 0.0004% / 1h | 39m 09s | $393 | $222K | 12x |
| Short | Binance SKYUSDT | 0.07195 | 0.0100 | get 0.0050% / 4h | 2h 39m | $16.6M | $9.5M | 75x |
Injective SKY/USDC PERP
Binance SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −0.058% → +0.054%
- −$11.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$7.24
- Costs to cover
- 0.100%
- Break-even
- 10.6 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 17 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 17 min ago | 0.69 bp | 15.0 bp −$15 | 52.7 bp −$527 | 319.7 bp −$32.0K | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SKY on 18 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0621% | 4h | 0.07188 | −0.159% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0260% | 4h | 0.07185 | −0.194% | $7.9M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERPlong | +0.0033% | 1h | 0.07199 | long leg | $393 | $222K | 12x | |
| Lighter SKY | +0.0096% | 1h | 0.07195 | −0.056% | $188K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07193 | −0.087% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07197 | −0.034% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDTshort | +0.0100% | 4h | 0.07195 | −0.058% | $16.6M | $9.5M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07188 | −0.153% | $874K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07189 | −0.139% | $618K | $254K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07195 | −0.056% | $1.1M | $280K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07183 | −0.222% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07197 | −0.028% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07190 | −0.125% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07204 | +0.069% | $20K | $685K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07197 | −0.033% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0120% | 4h | 0.07200 | +0.014% | $610K | $610K | 75x | as long as short |
| Hyperliquid SKY | +0.0371% | 1h | 0.07206 | +0.097% | $3.0M | $904K | 3x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0535% / S −0.0248% | 1h | 0.07195 | −0.051% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
Hyperliquid SKY
GMX SKY/USD [ETH-USDC]